Community Health Systems Announces Acquisition of Bluefield, West Virginia Hospital

FRANKLIN, Tenn.--(BUSINESS WIRE)-- Community Health Systems, Inc. (NYSE: CYH) announced today that a subsidiary has acquired substantially all of the assets of Bluefield Regional Medical Center. The 265-bed hospital becomes the third Community Health Systems, Inc. affiliated hospital located in West Virginia. Bluefield Regional Medical Center offers a broad range of inpatient and outpatient health services to serve the communities of southern West Virginia and southwestern Virginia.

“We are pleased to join with the medical staff and employees at Bluefield Regional Medical Center as they build on their long-standing tradition of providing high-quality care for their community,” said Wayne T. Smith, chairman, president and chief executive officer of Community Health Systems, Inc. “This hospital enjoys a very good reputation in its marketplace and we look forward to supporting its focus on quality, service, and long-term growth.”

Located in the Nashville, Tennessee, suburb of Franklin, Community Health Systems, Inc. is the largest publicly-traded hospital company in the United States and a leading operator of general acute care hospitals in non-urban and mid-size markets throughout the country. Through its subsidiaries, the Company currently owns, leases or operates 126 hospitals in 29 states with an aggregate of approximately 19,400 licensed beds. Its hospitals offer a broad range of inpatient and surgical services, outpatient treatment and skilled nursing care. In addition, through its subsidiary Quorum Health Resources, LLC, the Company provides management and consulting services to approximately 150 independent non-affiliated general acute care hospitals located throughout the United States. Shares in Community Health Systems, Inc. are traded on the New York Stock Exchange under the symbol “CYH.”

Statements contained in this news release about acquisition transactions are forward-looking statements that involve risks and uncertainties. Actual future events or results may differ materially from these statements. Readers are referred to the documents filed by Community Health Systems, Inc. with the Securities and Exchange Commission, specifically the most recent filings which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements, including execution of our growth, acquisition, and business strategies. These and other applicable risks are summarized under the caption "risk factors" in the Company's Securities and Exchange Commission filings.


Community Health Systems, Inc.
Investor Contact:
W. Larry Cash, 615-465-7000
Executive Vice President and Chief Financial Officer
Media Contact:
Tomi Galin, 615-628-6607
Vice President, Corporate Communications

KEYWORDS:   United States  North America  Tennessee  West Virginia

INDUSTRY KEYWORDS:   Health  Hospitals  Other Health